BlueTarp Financial Introduces Quarterly Building Supply Index

September 27, 2016 02:15 PM Eastern Daylight Time

PORTLAND, Maine--(BUSINESS WIRE)--BlueTarp Financial – the leading credit management company for B2B
suppliers, recently introduced its BlueTarp® Building
Supply Index, a quarterly measurement of the economic health of the
building supply industry. (Download it here.)

The Building
Supply Index examines BlueTarp’s proprietary spending and
delinquency data, which represent trends from 120,000 pro-customers and
more than 2,000 building material suppliers across the United States. It
also incorporates macro-economic drivers including: building permits,
construction spending, and consumer confidence as reported monthly by
the Census Bureau and The Conference Board.

The Building
Supply Index, which is not seasonally adjusted, compares the current
timeframe to the previous year, indicating either strengthening or
weakening. The current Building Supply Index shows a decline from 123.94
in 2015 Q2, to its current state of 117.49.

“We’re privileged to have a unique cross section of suppliers across the
country and insight into what is happening in their businesses,” said
Scott Simpson, president and CEO of BlueTarp. “We think anyone in the
building supply industry would benefit from a more specific view on how
our market is trending.”

BlueTarp has also conducted a survey of its pro-customers asking their
opinions on the outlook of the building supply industry, all of which is
included as supporting information in the Building Supply Index. Most
felt there would be a weakening in 2017, as the Building Supply Index
indicates.

BlueTarp Financial is a B2B credit management company serving more than
2,000 suppliers since 1998. BlueTarp pays suppliers upfront for their
sales and protects them from credit risk so they can fund the growth of
their business. Suppliers can customize their program by choosing to
manage customer interactions as they do today, or select a full service
option where BlueTarp handles customer service and collections. They can
also grow sales with options for up to 90 day terms, credit lines up to
$1M, and a loyalty rewards program. Learn more at www.BlueTarp.com.